APL Apollo Tubes Limited (APLAPOLLO) — Board Meeting Announcement
📢 Key Event
Board approves ₹8.50 dividend, director reappointments, and divestment plan
🔄 What Changed
Final dividend declared at ₹8.50/share; four independent directors reappointed with new terms; divestment of Blue Ocean Projects and liquidation of APL Apollo Mart approved
💡 Investor Takeaway
The dividend signals strong cash generation and shareholder-friendly policy, while director continuity supports governance stability.
APL Apollo Tubes announced on May 2, 2026, that its board approved a final dividend of ₹8.50 per share (425% payout) for FY2026, reappointed four independent directors including term extensions until 2031, and approved divestment of Blue Ocean Projects and liquidation of APL Apollo Mart. The consolidated audited financial results showed revenue of ₹23,079 crores, net profit of ₹1,203.08 crores, and a debt-equity ratio of 0.29, with Deloitte issuing an unmodified opinion under SEBI regulations.
📄 View Original Announcement (PDF)
About APL Apollo Tubes Limited (APLAPOLLO)
Capital Goods · Industrial Products · Listed on NSE
Market Cap: ₹52,482.99 Cr
P/E: 43.6
ROE: 22.7%
ROCE: 29.3%
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.